TechFlow reports on January 23, according to CNBC, the CEOs of three major cryptocurrency companies—Coinbase, Binance, and Circle—said during interviews at the World Economic Forum in Davos that with Trump, a supporter of Bitcoin, returning to the White House, the U.S. cryptocurrency regulatory framework is expected to achieve breakthrough progress this year. The SEC announced this Tuesday the establishment of a "Crypto Task Force" to develop a comprehensive and clear regulatory framework, focusing on issues such as token registration.
Coinbase CEO Brian Armstrong stated that over the past four years, the industry has faced suppression, with regulators even taking enforcement actions against compliant businesses. He emphasized that the industry's top priority now is advancing legislation to provide clear rules for the market. Binance CEO Richard Teng predicted that cryptocurrencies will reach all-time highs this year, with particular attention on legislative developments in areas such as token issuance, trading, and asset management.
Circle CEO Jeremy Allaire pointed out that there are already senators and representatives in the U.S. Congress who support cryptocurrency technology, especially gaining bipartisan backing in stablecoin legislation. The "Stablecoin Payment Clarity Act," currently under congressional review, aims to establish a licensing regime for stablecoin issuers.
